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Another record and another record close for the DAX
The further surge in the German DAX yesterday saw the index reach a new milestone, when it set another all time record high, at 21,330. Profit-taking from that new high sent the index backwards into the close. The DAX fell back to 21,212, but it rebounded in the final 30 minutes of trading, closing 212 points higher, at 21,254- another record daily close for the index. Overnight and so far this morning the DAX futures have implied an opening for today at anything between 21,220 and 21,280. Right now the futures are pricing a largely unchanged opening, but with 90 minutes to go before live trading resumes, there is plenty of time for that outlook to change
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DAX futures a little higher just now this morning
Earlier this morning the DAX was pricing a lower opening. The index stalled above 23k yesterday, as noted at the time and the fall from a high at 23... -
USD/JPY backs away from 151 and here is why it is up here in the first place
The rebound back above 150 in the USD/JPY did not look back yesterday and the dollar continued to advance into the US close, where it later ended the... -
Look at the DAX and look at the EUR/USD and ask yourself a question
As reported and covered here several times over the past week and more, the direction of the DAX and the EUR/USD are very much linked at the moment...
